Best Buy's a good talker | Lufthansa sees trouble up ahead | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for March 4th in 3:06 minutes. ð Thereâs no doubt the metaverse will change the way we live, but thereâs still some debate about who will lead the charge. Letâs settle that: join Altered Venturesâ Mario Valle Reyes for [How To Pick A Metaverse Winner]( on Friday, and find out which companies will take off in the web3 era. [Get your free ticket]( Today's big stories - Best Buy reported worse-than-expected results, but investors still sent its shares higher
- This might be a turning point for clean energy stocks, and you might want to buy in while theyâre still relatively cheap â [Read Now](
- German airline Lufthansa made yet another loss last year Shelf Belief [Shelf Belief] Whatâs Going On Here? Best Buy [reported]( weaker-than-expected quarterly results on Thursday, but the electronics retailer wasnât about to let investors lose their motivation. What Does This Mean? If you showed up at a Best Buy hoping to sort your holiday gifts last quarter, you mightâve been disappointed: the retailer quickly ran short of all the seasonâs must-have gadgets, from iPhones to PlayStation 5s. And thatâs if you could even get through the front door, with Omicron-driven staff shortages forcing the company to cut its opening hours. So it follows that sales in existing stores were down from the same time the year before. Best Buyâs profit outlook for this year wasnât much more encouraging, partly because itâs putting so much money into major projects. But the retailer promised investors that these would pay off in the long term â if they just stick around. And to incentivize them to do just that, it announced it would buy back $1.5 billion worth of its own shares this year, which should push up the value of those left over. Consider them incentivized: Best Buyâs stock jumped 9%. Why Should I Care? The bigger picture: Keep those sales coming.
Those projects include an annual membership program â which offers things like unlimited tech support and special discounts â and Best Buy Health, which specializes in healthtech for older people. Best Buy could be onto something here: both avenues have the potential to be more reliable revenue streams for the retailer, reducing its reliance on much more seasonal product sales. Zooming out: Kroger sticks to the plan.
Best Buy is a bit of an outlier among US retailers this earnings season. Just look at Kroger: hybrid working and the trend toward at-home cooking helped [boost]( demand for the retailerâs groceries, pushing same-store revenue up a better-than-expected 4% ([tweet this](). And with more and more shoppers opting for home delivery and pick-up options, its digital sales were twice as high as they were before the pandemic too. You might also like: [Is Best Buy a worthwhile investment?]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Shelf Belief&utm_campaign=daily-global-04-03-2022&utm_source=email) Analyst Take
This Is A Turning Point For Clean Energy Stocks [This Is A Turning Point For Clean Energy Stocks]( [Photo of Stéphane Renevier] Stéphane Renevier, Analyst Whatâs Going On Here? The Ukraine crisis has come as a painful reminder of how much Europe depends on Russia for its energy consumption. Reducing that dependence, then, has just become one of the regionâs most pressing objectives, with Germany just announcing [bold plans]( to accelerate the transition to renewable energy. And since [plenty of other places]( are expected to follow suit, wind, solar, and other renewable energy stocks jumped after the attack. But prices are still trading at 40% below their previous highs, which arguably sells short [just how dramatic]( a catalyst this conflict could be. So thatâs todayâs Insight: why this might be a turning point for energy stocks, and [the one exchange-traded fund you could use to benefit](. [Read or listen to the Insight here]( SPONSORED BY LEDGER Crypto security never looked so good When it comes to your [digital investments](, safety comes first. Of course, itâs always a bonus when safety comes wrapped in a pretty little package. Just like the nifty new Nano S Plus: [Ledgerâs]( latest secure wallet comes with more memory, so you can manage over [5,500 digital assets]( and install more than 100 apps. And the [Nano S Plus]( comes with a bigger screen too, designed to make it easier than ever to verify your transactions â and boy, does it look good. Keep your assets safe in style: [check out Ledgerâs Nano S Plus](. [Show Me The Wallet]( No Fly Zone [No Fly Zone] Whatâs Going On Here? Lufthansa [announced]( on Thursday that it made a $2.4 billion loss last year, and the German airline isnât sure itâll go places in 2022 either. What Does This Mean? Lufthansa finally started getting back on track last year: passenger bookings were picking up quickly in the second half of the year, and the airlineâs cargo business â its second-biggest segment â posted a record full-year revenue, thanks to such high demand for air freight. But Lufthansa still made a loss of $2.4 billion, and 2022 is going to present a whole set of new issues: the airline now has to contend with surging fuel costs, as well as the disruption to its flight paths in the wake of the Russian invasion. Investors took the opportunity to disembark here, here, and here: Lufthansaâs stock fell 8%. Why Should I Care? For markets: Lufthansa planned ahead.
Aviation consultancy IBA thinks the airline industry will take at least an extra two months to get back to pre-pandemic levels now war has broken out, which could be why an index tracking Europeâs biggest airlines has dropped almost 20% in just the last two weeks. But at least Lufthansa hasnât come into this situation totally unprepared: the company has already locked in 63% of its fuel needs for 2022 via [futures contracts](, meaning itâll pay $74 a barrel rather than the $111 we [hit]( earlier this week. Zooming out: So much for vacation.
Russiaâs airlines have their own problems, with plane manufacturers Airbus and Boeing both [announcing]( this week that theyâre not going to send any more aircraft parts into the country. Analysts think that could force the airlines to take pieces from idle planes and add them to functional ones, or else stay grounded. Not that Russians have many places to go, mind you: flights from Russia are being canceled across the globe. You might also like: [How to protect your own portfolio from the effects of war.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=No Fly Zone&utm_campaign=daily-global-04-03-2022&utm_source=email) ð¬ Quote of the day âStop wearing your wishbone where your backbone ought to be.â â Elizabeth Gilbert (an American journalist and author) [Tweet this]( SPONSORED BY MONEYFARM Not today, inflation So youâve spent ages building up your savings, and now inflation rocks up and just says, âIâll take those, thanks.â That hardly seems fair. But with a [MoneyFarm ISA](, youâll build up growth for the long term: no giving your money up to inflation, and no trying to second-guess an unpredictable market. After all, [Moneyfarmâs]( experts pair you with an [investment portfolio]( that suits your personal circumstances and risk appetite. Theyâll even look after it for you once youâre happy. So look after your cash in turbulent times: [discover Moneyfarmâs ISAs today](. [Protect My Cash]( Disclaimer: with investing, your capital is at risk. When you support our sponsors, you support us. Thanks for that. ð Finimize Live ð Upcoming events ð [How To Pick A Metaverse Winner](: 7pm UK time, March 4th
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ð° [How Much Do Your Trades Really Cost?](: 5pm UK time, March 31st ð¯ On Our Radar - Thereâs nothing like a good salad. Especially when youâre trying to [save the manatees](.
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- Britney Spears was just the first. [Amanda Bynes]( wants her freedom too.
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